Bloomin Brands Inc
For the period ended Dec 29, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Item 2. Properties
We had 1,463 system-wide restaurants located across 46 states, Guam and 12 countries as of December 29, 2024. The following is a summary of our restaurant locations by country and territory as of December 29, 2024:
| COMPANY-OWNED | FRANCHISED | ||||||
|---|---|---|---|---|---|---|---|
| United States | 970 | United States | 146 | ||||
| Other - Hong Kong | 10 | International | |||||
| Discontinued Operations - Brazil (1) | 192 | Argentina | 3 | Japan | 9 | ||
| Australia | 8 | Mexico | 4 | ||||
| Canada | 3 | Qatar | 7 | ||||
| Costa Rica | 2 | Saudi Arabia | 11 | ||||
| Dominican Republic | 1 | South Korea | 96 | ||||
| Guam | 1 | ||||||
| Total international franchised | 145 | ||||||
| Total Company-owned | 1,172 | Total franchised | 291 | ||||
(1)The restaurant count for Brazil is reported as of November 30, 2024 to correspond with the balance sheet date of this subsidiary. Subsequent to December 29, 2024, we completed the sale of the majority ownership of our Brazil operations and all restaurants in that market now operate as unconsolidated franchisees.
We lease substantially all of our restaurant properties from third parties. As of December 29, 2024, our Company-owned restaurants were located on the following sites by segment:
| U.S. · OTHER · DISCONTINUED OPERATIONS · TOTAL · PERCENTAGE OF TOTAL | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company-owned sites | 23 | — | 23 | 2% | ||||
| Leased sites: | ||||||||
| Land, ground and building leases | 677 | — | 1 | 678 | 58% | |||
| Space and in-line leases | 270 | 10 | 191 | 471 | 40% | |||
| Total Company-owned restaurant sites | 970 | 10 | 192 | 1,172 | 100% | |||
We also lease corporate offices in Tampa, Florida and, through the date of the Brazil Sale Transaction, in São Paulo, Brazil.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.